News in brief - 2 July 2021

The Swedish Occupational Pensions Agency, SPV, now offers its customers extended pension information.

The agency said that government employees would now have access to a simplified pension forecast from minPension, which is divided into general pension, occupational pension and private pension, when they log in to "My pages" on SPV's website. SPV business developer, Emma Sjöbom Pettersson, commented: “Finally, we can offer customers something they so clearly lacked - they want to be able to easily see how much money they get. Although they are very happy with what they see and can do right now on My pages, this is also a clear wish.”

The number of new retirees on an old age pension declined by 5 per cent in Finland in 2020.

The Finnish Centre for Pensions released the figures, attributing the decrease to a gradually rising retirement age and stating that a quarter of the 1.3 million people drawing an old-age pension in Finland were of the Baby Boomer generation. Around 48 per cent of the year’s retirees finished working at age 63, with the average retirement age sitting at 64.3 years. The year also saw a total of €33bn paid in pensions in Finland, with earnings-related pensions accounting for nearly €30bn. This earnings-related pension expenditure was up by €800m, or three per cent, compared to in 2019.

PensionDanmark has partnered with Odense Maritime Technology and Terma A/S to fund the building of new Danish Navy vessels.

The company said that the partners would offer the full-range delivery of the new ship class including the design, build, equipping and delivery in close collaboration with the Danish Defence. Through a broad collaboration with Danish industrial players, the partners aim to ensure a large amount of Danish workers are involved in the ships’ construction, thereby creating Danish jobs. PensionDanmark CEO, Torben Möger Pedersen, said: “There is a great demand in the rest of the world for partners who can ensure full-range delivery of naval vessels, and this opportunity has great export potential for the Danish maritime industry with Danish jobs as a side benefit. We are happy to take a lead role in this.”

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